FORM NL-7-OPERATING EXPENSES SCHEDULE

 

Name of the Insurer:  GENERAL INSURANCE CORPORATION OF INDIA   

 

OPERATING EXPENSES RELATED TO INSURANCE BUSINESS

( Rs. IN 000)

 
 

PARTICUALRS

For the  Three Months  ending 31.03.2020

For the Year ending 31.03.2020

For the  Three Months  ending 31.03.2019

For the Year ending 31.03.2019

 

1

Employees’ remuneration & welfare benefits

429 975

1988 484

280 781

1173 936

 

2

Travel, conveyance and vehicle running expenses

10 643

61 698

15 242

69 239

 

3

Training expenses

9 117

19 285

4 537

16 727

 

4

Rents, rates & taxes

12 925

62 224

17 031

65 198

 

5

Repairs

52 040

217 384

51 209

216 033

 

6

Printing & stationery

1 267

3 268

4 131

6 599

 

7

Communication

3 855

13 421

4 548

16 284

 

8

Legal & professional charges

43 245

101 842

31 065

86 912

 

9

Auditors' fees, expenses etc

     
 

(a) as auditor

1 209

12 179

5 718

10 812

 
 

(b) as adviser or in any other capacity, in respect of

     
 

(i) Taxation matters

 500

 500

 500

 500

 
 

(ii) Insurance matters

 0

 0

 0

 0

 
 

(iii) Management services; and

 0

 0

 0

 0

 
 

(c)   in any other capacity

 500

 517

 529

 529

 

10

Advertisement and publicity

16 865

74 109

17 935

108 273

 

11

Interest & Bank Charges

48 043

243 180

99 552

260 746

 

12

IT Expenses

39 368

185 830

47 565

190 339

 

13

Depreciation

37 774

178 125

46 291

139 898

 

14

GST Expenses A/c

173 778

406 152

 0

 0

 

15

Swachh Bharat Cess

 0

 0

 0

 0

 

16

Others

33 197

161 925

44 022

198 529

 
 

TOTAL

914 301

3730 123

670 656

2560 554

 

Note: Items of expenses and income in excess of one percent of the total premiums (less reinsurance) or Rs.5,00,000 whichever is higher, shall be shown as a separate line item.